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the penalty for simple drug possession under the state law, making drug possession laws that punish as a felony would now be punished as a misdemeanor. the new legislation, sb-1506, does not apply to anybody involved in selling or manufacturing drugs. the stated purpose of the bill is that it would help alleviate overcrowding in state prisons and county jails, and ease pressure on california's court system and result in millions of dollars in annual savings for both state and local governments. senator mark leno who couldn't join us today as been quoted as saying, quote, there's been no evidence to suggest long prison sentences deter or limit people from abusing drugs. in fact, time behind bars and felony records often have horrible, unintended consequences for people trying to overcome addiction because they are unlikely to receive drug treatment in prison and have few job prospects and educational opportunities when they leave. this legislation will help implement public safety realignment and protect our communities by reserving prison and jail space for more serious offenders. c
coverage, save money, or both. and check out the preventive benefits you get after the health care law. open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. >> shepard: high stakes showdown in one of the arab world's most important nation following a week of antigovernment demonstration demonstrations. lawmakers in egypt today began hashing out a new constitution. after six days of dictatorial rule. of course, critics say the new government has already taken a step in the wrong direction and the move its making now could ripple across the middle east and affect u.s. interest in the region. protesters have been battling police ever since egypt's new president last week granted himself near absolute power. today, the president said the power grab will only be temporary. >> we have to share everything based on stable laws and based on the separation of powers executive, legislative and judicial. these matters should be independent and will take time. >> shepard: president morsey's infamous political party now has a majority and therefore a very st
are reacting emotionally to this terrible crime in kansas city. but the problem america has is not law abiding citizens possessing weapons. that's not damaging the nation. crimes committed with handguns and out-of-control people that's what's hurting the u.s.a. you will never stop crimes of madness, you are never going to stop them like the kansas city situation. you can put violent criminals away for a long time if they use a gun during the commission of a crime. and that should be done. that's the memo. now for the top story tonight reaction. joining us from washington mary catherine ham and juan williams from washington. where am i going wrong, juan. >> you said people feel more secure if they are able to own a gun. i have got to say first off the bat, bill. i think you are exactly right about everybody's right to have a gun the supreme court has reaffirmed it. i differ about my understanding what the founding fathers wrote. i think they were writing about a militia. the court sides with bill o'reilly or bill o'reilly sides with the court. we have some guns in this country right now and whe
law. we will see what the supreme court decides in less than 30 minutes. >> fiscal cliff tops standof the average middle-class family would have to pay about $2,000 a year more in taxes. house speaker john bain of lands the stalemate on the obama administration. he says they are not taking republicans seriously and plans to close loopholes and lit it deductions without raising taxes. >> i realize of the president may not agree but if there is another way to get revenue from upper income americans that doesn't ruin our economy why don't we consider it? >> we won them to tell the american why they won't do it. >> the democratic controlled senate has are the agreed to extend the bush tax cuts for incomes under $250,000 but let the other tax cut expire. it is predicted their rugby at least a short-term deal released before the end of the year. >> of when it comes to a president's second inauguration at the crowd tends to be smaller. that will be the case again this january. the cross the present obama as inauguration on january 21st will be close to 800,000. that is the estimate right now
saying earlier that at lease the based on what you understand of how florida's laws work, there is some possibility that this may be a defense that works for this avail lent. >> florida is one of the highest incour incarcerating state, a death penalty state. up until the point of conviction tir , it is a defense friendly state. it gave tremendous latitude to a shooter so long as the person they shoot dies. as long as no one can truly prove beyond a shadow of a doubt that you didn't feel threatened shall the burden of proof is on the defense and almost on the decedent to show that somehow they were not threatening. this guy has the opportunity to use a stand your ground defense before they even get to a full trial. it is starting to look like that's where it is going to go. >> obviously, we don't know whether or not these young men had a weapon in the car. it certainly is possible. the assailant had a weapon in his car. that's part of what made me pause. folks are driving around with weapons in their cars. is the problem stand your ground or how we think about how armed everyone should b
follow me >> when it's raining hard enough that you have to turn on your wipers full blast, state law required you turn on your head lights the driver in the honda and this driver did not so they both get to have a chat whit officer glaze of the california highway patrol nats: you not driving with your headlights on during the rain (oh really) the driver of the honda was just a little bit busy when officer glaze tried to talk to her . so let wait ok now lets listen in. nats: i stopped you maam for not driving with your headlights one to be honest >> i thought this car had the automatic headlights on are you aware that you have to turn your headlight to the full (i usallly do) apparently i didn't when i picked her up but these two were the only driver violating the nearly 8 year old law the driver of ths bobtail truck was rolling along in the driving rain with no nats: siren: we going to take the exit the driver said he was aware of the law, he told the officer he was in a rush and was only driving a few miles but listen to what he told me nats; you had no headlight on and its drivin
shock. why feds say many hotels are actually breaking the law. >> a study uncovers reasons most women may end up getting a mastectomy. apparently has little to do with heir health. >>> a 15-year-old accused of a deadly crime spree entered court today. did he not enter a plea. prosecutors say november 16th he took part in four robberies killed a person during a car jacking and injured an officer in a shootout. the teenager is being tried as an adult. he is too young to qualify for death penalty. a second suspect could face the death penalty if prosecutors pursue it. >> in oakland two people killed over a violent weekend were teenagers. the another of one victim spoke for the first time today. that story from east oakland. >> four people shot and killed over the weekend oakland. it wasn't until last night that police confirmed to abc 7 news two killed were teen-aged girls ages 15, 16. >> my caughter was my life. >> she is the mother of 16-year-old bobby sartane. she and her best friend gunned down in east oakland just off high street sunday morning. >> i went to the morgue, or coroner i
. >> reporter: university of san francisco law professor peter is shooting a film project on the detention center. he's been to guantanamo and interviewed dozens of former inmates. he said moving the detainees stateside would make a difference. >> it could make the difference and maybe finally they will get a trial. >> i think americans would be on edge. >> reporter: but some people say the prospect of bringing terrorists to the u.s. pours salt into deep wounds of 9/11. >> the aftermath feels fresh, even though it's been years, and to have them, in essence, living on the same soil, it's just uncomfortable. >> reporter: the report says guantanamo bay detainees could be held in six facilities that are only half full and the centers would have to be modified first to improve security but the report doesn't say how. >>> well, president obama says he hopes to have a deal to avoid the fiscal cliff by christmas. invest fors apparently shared his optimism and stocks closed higher. congress must reach a compromise on the deficit reduction plan by the end of the year. otherwise, tax hikes will autom
. the initial law passed was for mobile truck operators to be able to operate in the city, to bring a diversity of food in a variety of areas. when the code was written it restricted the commercial zones specifically. so when we printed out the map, what you see, and what happens is most people just fixate on where the most areas of concentrated in red is where you are supposed to be able to operate. so for them it's an easy area to try to identify. what we found was that most of the people wind up asking for the financial district, the market street area. those zones that are identify there had, where there was a concentration of many lunchtime diners and restaurants which creates a level of conflict. with notification, usually the first thing the department hears they are like food within 300 feet of where i am. they object to the what is perceived as economic imbalance, the perception is that the mobile trucks do not. so in this specific case we're trying to address -- the supervisor and origins are trying to address it by trying to reduce the availability of high commercial areas. ther
with the law if ierv of rubin junius. i want to talk to you about two specific issues in the western soma today. first is the historic use controls that luke was just referring to. these are currently in effect throughout the eastern neighborhoods and actually currently in effect under the existing controls in west soma. and essentially what these do is for certain classes of historic buildings, it relaxes the use controls in them with the goal of allowing the buildings to stay under operation, giving them flexibility so they can maintain and preserve them adequately since they all are historic resources. so, currently in the west soma, excuse me, this is a little technical so bear with me. all uses are permitted in buildings that are landmarks, that are contributory to article 10 historic district, and that are article 11 rated. and i just want to make a note that this is already narrower than what's allowed under the historic use controls throughout the rest of the eastern neighborhoods. but what is being proposed right now as part of the west soma plan would further narrow those classes of h
ruled against blocking the law yesterday and said it could go into effect in the new year this contradicts a ruling made monday by a different judge who says the law potentially violates first amendment rights. attorney general harris supports the ban and intends on defending the law. >>> clerical employees at the port of long beach and los angeles will go back to their jobs this morning follow allege eight-day strike. they reached a deal last night. the los angeles mayor took part in the negotiations yesterday with federal mediators only a small number of clerical workers had been on strike with thousands of others refusing to cross the picket line. the strike had been a boost to the port oefbg land as deliveries were re-- oakland as deliveries were recruited. >>> happy birthday caldecott tunnel today is the 75th anniversary of the tunnel. the original two bores cost 4 1/2 million dollars and took three years to build they replaced 1903 tunnel prone to closing during floods and mudslides. >>> you drove across it this morning. doesn't look a day over 74. >> no it looks sur
a 60-day notice of potential layoffs to workers required by law. >> for to us have gone this long a period of time, without making any preparations for it, i think is a gross disservice to the american people. >> for months the pentagon officials have been speaking descriptively about the impact of the cuts. >> face the prospect of budget sequestration. that would be devastating to national security. >> more detailed look comes from the economiststein fuller at george mason university. he finds that a $45.1 million reduction of purchase of military equipment at research and development alone would reduce gdp by $86.5 billion and result in loss of 1 1,600,000 00 across all sector of the economy impacting every state and representing decline of personal income. but those numbers represent a small fraction of proposed defense cuts. d.o.d. would absorb $55 billion in cuts every year through 2021. long-held doctrine of maintaining force capable of fighting two wars would be strained. with the obama administration, shift to asia, as a new focus on the u.s. operations. >> it would requir
of the disabled, which was modeled on a law passed by the senate. 22 years ago, the americans with disabilities act. in effect, it was a vote to export american law to the 155 nations around the world that have signed this treaty. a treaty that has already been ratified by 126 of those countries, including the united kingdom, france, germany, china, russia has ratified it. now you can pass anything in the senate with 60 votes. except treaties which require 66. a two-thirds majority. every democrat voted for the treaty and only eight republicans voted for the treaty. 38 republicans disgraced themselves and disgraced the senate. by voting against it and controlling the outcome. john kerry tried everything he could on the senate floor to show republicans the way to vote for this treaty. >> it really isn't controversial. what this treaty says is very simple. it just says that you can't discriminate against the disabled. it says that other countries have to do what we did 22 years ago when we set the example for the world and passed the americans with disabilities act. >> the treaty was supported by
to put it in an amusing way, it is the need to get out of your mother in law's house. pretty intuitive concept when you think about it. we have a break here. because the market is so darn tough. and that could be your chance for the analysts. here is the bottom line. we need hope to be van switkwis. he so that it is so negative. have them leave the room. and we can return to the growth themes and they are autos and homes. by them on the way down and never on the way down as the scared sellers buy them out. you can take your time. who the heck knows when and from what level you can get back in. why don't we go to tom in new york. >> big lots and slower same store sales and make it a buy. it had it's gob and i don't want you to come in now. i think that big lots is not a great operator. the market needs to free itself from the notion that there will be a deal. that is what needs to happen. take your time. this hope is still not dashed enough to make this market immune from more disappointment. "mad money" will be right back. shop until you drop? the holiday shopping season is in full swi
out of your mother-in-law's house. get your own home. intuitive concept for those, when you think about it. we got to break here as toll brothers actually down on the news today because the market's so darn tough. i expect downgrades tomorrow from people who don't believe things can stay this strong and that could be your strong to be analysts who always downgrade ar the report. here's the bottom line. we need hope to be vanquished. we need it spindled, mutilated. chex out the holders, thinking it's imminent and leave the room and then return to what i've been tracing and huge cycles of pent-up demand. buy them on the way down. never on the way up. you can take your time. do not leave this market wholesale. who the heck knows when and from what level you can get back in. why don't we go to tom in new york. tom? >> caller: hi, jim. could this offset same-store sales and make it a buy? >> i think it moved already. one of those stocks that moves in gigantic gobs, to speak and had its gob and i don't want you to come in now. not a great operator. one of thebounces up and down, it's no
council voted anonymously they are changing a -- voted unanimously they are changing a city law for airport employees to shoot at birds to scare them away from the airplanes. they can now shoot blanks at the birds or fire bird shots if they need to. before the amendment only law enforcement officers were allowed to shoot guns on city property. 180 bird strikes have been reported at san jose airport since 2009. >>> later today president obama meets with two very different groups about that fiscal cliff crisis. first the president will speak to and answer questions from members of the business round table. this is an association of chief executive officers of top u.s. companies. later in the day the president will address a conference of native american triable leaders. both groups are concerned about automatic tax hikes and spending cuts that will kick in on january 1st if congress does not act. >>> coming up at 6:15 the uphill battle facing this man republican house speaker john boehner within his own party. as he tries to negotiate a deal do avoid that fiscal cliff. >>> time no
in law, the president. >> boehner is set to meet with small business owners while the president speaks at a conference of corporate ceos. >>> bob dole made an appearance on capitol hill yesterday in a wheelchair frail but still flexing his political might. he could not convince enough republicans to support a disabled rights treaty. the united nations treaty would ban discrimination against people with disabilities. it fell five votes short of getting the needed two-thirds approval in the senate. >>> the world's oldest woman has died at the age of 116. beth cooper is only one of eight people recognized by the begin he was book of world records to have lived that long. she died peacefully yesterday in an assisted living home near atlanta. the title of world's oldest person now belongs to 115-year- old woman in johnston, iowa. can you imagine what she saw in her lifetime? >> 1896 in you do the math. that's a long time ago. >> amazing life. >>> well, it's 5719. three for three. the giants seek a deal with a key player for the line-up. >> plus, blast from the past. which 49er won a guess s
makes a ruling on a controversial gun law here in the bay area. >>> also new research shows men with belly fat are more at risk of developing a serious condition. >>> and playing at the pump. a new pilot program involving lottery tickets. back in a moment. >>> no matter how much you love coffee would you pay $7 for a cup of joe? >> starbucks is rolling out a costly blend. this is quadruple what many people pay. if this catches on we may pay moren the future. let's bring you the coffee starbucks calls the premium blend. it costs $6 for the tall and $7 for the grande version. starbucks is testing it in northwest stores. you can buy a half pound bag for $40. >>> google buying. two days after several outlets fell for a false pr release. this merger is for real. google snagging incentive targeting. google also the object of a little bit of teasing today. this add from microsoft makes fun of google saying shoppers would be better served if they use the microsoft engine to find products. microsoft using humor to get in there, as well. we'll see if it works. we'll have the holiday guide
understand the obligations under the law. and i have not -- i'm not aware of any situation that you have one day's notice, but certainly happy to hear feedback if that has been the case or perceived to be the case. what we do have right now is that after an operator submits their certificate of authority, the treasurer tax collector has 45 days to respond and typically we have an iterative process with operators in order that they understand the obligations that they are complying. if you are indicating there are instances where this iterative process has not occurred, please let me know and i can follow-up on that. >> the restaurants and hotels, it's not fair for a restaurant, if the operator, the practicing operator is not doing what they are supposed to be doing. i'm just thinking of the potential effects of other business where's a parking operator is not doing what they should be doing. >> unfortunately under the code we can't discuss a tax compliance issue with a third party about if something is happening, with this subcontractor. we're prevented from going and contacting someo
, that is similar to a store to be 600 feet apart. yet we have passed a law that allows you 50 feet. they are thinking about reducing that to 50 feet. we love you small business mobile food truck operators and we don't care about you, brick and mortar, cafe, and coffee shops. we ask you to over turn the decision, it was unwise, they have the discretion, but it was unwise, there is plenty of opportunities for coffee service in that 300 feet and this is just not right. it is unfair to our small businesses that have been here in many cases many years, employing people, paying taxes, have been the back bone of the local communities and this problem is not just in downtown it is going to eminate throughout the city and many of the commercial corridors will be affected. i think that you should over turn the decision and i think that it was unwise and certainly unfair. >> thank you. >> next speaker, please? >> hello, i am benjamin miller and i am a resident of san francisco. for several years i worked at 55 second street, before i went to 50 california actually. the same building as harves
will speak to other issues as regard to the appeal. thank you. >> i am debbie with the law firm, and i have hired espresso to provide a coffee cart and we had good experience with him and his business and we are helping him out. we are hear to asked that you up hold the permit approval as is with no new conditions. as you know, a permit has been issued that would allow them to operate a truck only during the hours of 6 a.m. to 10 a.m. on weekdays at two alternating locations in downtown san francisco. this decision came after a public hearing during which he made major revisions to his proposal as he described to you earlier, he went from 11 hours to only 4 hours per day. i wanted to draw your attention to a couple of things that the guidelines say. the hearing officer may consider which the operation is located within 300 feet of an established business which has been done and they go into a lot of detail as to what constitutes the same type of food or like food. >> as you can see, a lot of variety of factors that can be taken into account including the ethnicity of the food and compositio
that parliament at both houses need to approve any law to revise the boj law. but it would at apply pressure to take worldbolder steps to pr any revision to the law. >> could they just change the mandate? >> they could, but it's probably unlikely that the mandate will be changed. focusing on price stability. some politicians want the mandate to be changed so that job growth is added among their policy objectives. that's unlikely. but the government might ask the boj to set their inflation target at a higher rate than the current 1%, most likely 2%. >> why is a change of mandate unlikely? they're unhappy with what the bank of japan is doing and you're a democratically elected government, what's wrong with changing the mandate and get on with it? >> i think what's happening in japan is that inflation is there for so long, that changing any mandate dramatically without having the clear means to achieve it would just undermine the credibility of central bank as well as politicians and their policy making. so i think politicians are very much aware of that, so while they do apply stronger pressur
: that's exactly the point. the companies are not breaking the law, not doing anything wrong. the accounts committee described their actions as immoral claiming they have r. so arranging their tax affairs so as to pay no tax in the country where the money is earned. this applies to google, which uses ireland, applies to amazon, on the continent, and it applies to starbucks in amsterdam. what we learned is how these companies arrange their affairs. so even though the latte is bought in london, no tax is ever paid except on sales tax to the uk government. i need to demonstrate this to you. this is the example, if i may, michael, this is the example -- >> only you can do, richard. >> well, it's -- this is the starbucks example. so here we have all of the various size. the vente, grande. >> come on, big, medium, small. >> whatever! in this box -- imagine this is the billion and a third revenues that starbucks says it's made, reven revenues, not profits that it's made in the uk over the last few years. obviously, the majority of it will go straight into overhead, salaries, lights,
? >> is the bureaucrats who are implementing what is a good law. what we did was simply follow with a credit-card industry does many of your viewers that had transactions on their credit card with a company called and said to mothers of fraud alert. did you really do that transaction? that is computer modeling predicted technology that lets your fraud, looks to your spending habits and sees it during the normal course of your spending. if not the computer puts up the red flag and a check with you. if you say no, they don't pay. we took something that's working in the private sector, a credit-card business that pays little and fraud, stops before it starts and says, let's apply that to medicare. the estimate is between medicare and medicaid, $100 billion a year of health care fraud. unfortunately the bureaucrats in washington have not implemented it correctly, gave up the contract the companies don't have any experience in this area , and we believe an outside group said that we could stop up to $20 billion a year in fraud by just implementing this law that was passed in the correct way. gerri: it is just
to try to see if there is a way we can break through the law jim and go ahead and get things done. i am here to tell you that nobody wants to get this done more than me. i know that you have had a lot of briefings. let me describe where the situation is right now with respect to our fiscal situation, both for the opportunities are and where the challenges are. i campaigned over the last year on the idea that we need to make sure that this economy is growing, that we are providing ladders of opportunity. connell: president obama there in washington. we have lost the shop. if we get it back, we can rejoin the president. one of the things he talked about, passionately rooting for the success of the business leaders. dagen: i think that is fair. about an hour after speaker boehner spoke this morning about the fiscal cliff ago she haitians. in case you missed it, a quick piece of that. >> if you look at the plant that the white house has talked about thus far, they could not pass either house. dagen: rich benson is here. he is joining us with the latest from d.c. >> i think you can tell wher
laws above judicial review. more than 100,000 protestors clashed with police yesterday outside the presidential palace in cairo. morsi was ushered out through a back gate to ensure his safety but he is back in the palace today. >>> john mcafee is seeking asylum in guatemala after weeks in hiding. he founded the santa clara software security company that bears his name. he is wanted for a murder of a neighbor in belize. he says he is innocent. mcafee spoke to the "associated press" at a restaurant in guatemala city after sneaking out of nearby belize. >>> police say a man is implicated in the death of a new york city subway passenger who was pushed on the tracks. ki-suck han died monday after being hit by a train at the times square station. this is surveillance video showing han in a confrontation before being shoved on the tracks. witnesses say han tried to climb back up to the platform but couldn't before the train struck him. >> just standing in fear and shock. not knowing what's going on. some people ran, others just stood there. didn'
the health care law. open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. so now's the time. >>> in southern italy a rare tornado caught on tape at europe's largest steel plant. one person is still missing, two dozen people were injured. a warehouse and lighthouse were damaged. owners planned to close the facility which had been involved in a pollution scam. >>> in bangladesh, a factory is under investigation for a fire that killed 112 workers over the weekend. labor activists say the fire is the deadliest in that country's 35 year history of exporting clothing. as jim axelrod reports the factory made clothing for some of america's top retailers. >> reporter: three men are now in custody. they are suspected of locking workers inside the factory before the fire started. a reporter for the associated press went to the burned out factory. we spoke to him by phone. him by phone. he's in the factory holding a disney sweat shirt. 's in the factory holding a disney sweat shirt. he also identified clothing made for sean combs label. in statements both
, stay tuned. [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant . >>> two san bruno sisters were killed. they died when their family's suv ran and crashed into a parked chp cruiser on highway 101 in palo alto. two other sisters and their parents were also injured. they want to raise $10,000 and part of it will pay for an engraved memorial. the rest will go to other members of the family. >> fruit veil covers grant's final hours before the police officer was killed in 2009. the movie which stars academy award-winning actress will be competing in the drama festival. >>> barry bonds is on baseball's hall of fame ballot. they spoke with chronicle reporter john shay anotia said he ju
person out of 370 million americans who can sign something into law and that's the president. >> 60% of americans are asking the wealthy to pay more. >> reporter: a "the washington post" poll say 53% of americans will blame republicans and 29% would hold the president responsible if the nation goes over the fiscal cliff. the two sides appear close to an agreement on little things. it could lead to higher airline ticket prices and no more mail delivery on saturday. >> oh, boy. susan mcginnis in washington this morning. susan, thank you so much. one of the tax breaks due to expire next month is the payroll tax. that's the tax listed on your pay stub as fica. the money you pay into social security and medicare. it was reduced by two percentage points during the recession. jim axelrod has more. >> reporter: the payroll tax cut has given this family an extra $70 a month to spend. john is a maintenance man in jersey city, new jersey. >> are you paying any attention to what's going on in washington right now? >> of course. >> reporter: their $50,000 a year income put them almost exactly in
tonight. south dakota takes the law to a whole new level. why drivers have to hold their at fights when they are behind the wheel. >> first, the ice is melting. one >> breaking news out of prince george's county regarding the seat of tiffany alston. the former delegate has been removed from her office after entering a plea deal in october relating to misconduct in office charges. the office has determined that the county's committee has the right to withdraw the nomination of greg hall to replace tiffany. who makes the appointment asked to we draw hall's name after questions about drug and gun charges in hall's past. hall has blocked the committee from withdrawing his nomination. >> now to washington where president obama is warning republicans not to use the fiscal cliff as a borrowing limit. both sides seem to be digging in their heels with no move to avoid the fiscal cliff. fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes not by raising rates own the wealthy as the president has demanded. >> we're not
, and by british financial law, went their rights it is british government's fault for not closing the hoop holes that many of the companies are taking full advantage of. good to have you. >> thank you. neil: what do you make of this? >> put it this contact, for the moment, britain. david cameron came into power. neil: they are sweating a lot. >> they instigated deficit reduction it has been tough times, britain with a double dip recession this year, so, it is all about shared sacrifice, everyone from the queen, doing their bit. neil: does the queen sacrifice? >> she seen as not taking -- but all about everybody on the budget. then you have starbucks that found out, you can't move the starbucks in britain, taking away a lot of traditional british tea shops have you starbucks. it has moved in over a third of coffee shops are starbucks. past 14 years starbucks paid lesser than 1% in corporate tax rates. neil: in britain. is it legal? >> it is legal, but the loopholes have to close, to be fair to starbucks, they realized this is p, suicide, they said we do need to pay more, it will be interesting wh
so they are looking at higher taxes, they're looking at obamacare being the law of the land, is all of that investment freed up, or are we suddenly going to see a blossoming of american confidence and business confidence like we're seeing on the consumer confidence side? >> i think what you'd see, certainty is the best stimulus for the business community. >> so we will see investment even if it's higher taxes than we would like? >> yeah, you wouldn't see all of it you didn't like. if there's not some territorial tax issues that aren't resolved, it's not going to be 100%. >> your firm is a business consultant. in your decades of working with wealthy people and taxes, our theory as far as raising the marginal rate and the capital gains would not change one spending habit, one investment habit for one wealthy american, agree or disagree? >> agree. in the bigger scheme of things and the macro economics, yes. i do think that the issue continues to be, to your point, is balance. and i don't think anybody wakes up in the morning and says i want to pay more income taxes. having said that, a
's been a lagger for many years. i owned it in the '50s in my law school dorm. here's patrick in wisconsin. >> caller: hi, jim, boo-yah. >> by yeah. >> caller: given the recent divergence of price of gold going up and the mining stocks staying level or going down, would it be wise to hang on to my investments in the gold-mining stocks in hopes that they catch up with the price of gold? or should i just sell them off and put the money into gld or something like that? >> i think you should sell them off over time and not all once the. i think they're going higher and today was a temporary setback because of all the happy talk in washington. i'm going to pat in illinois. pat? >> hey, jim. how are you? >> not bad, how about you. >> caller: doing well, thank you. jim, i have a question for you, gow cory, i voted for 14.5 years and been accumulating it for those 14 and a half years and it's been a dog from the day i bought it. it popped on monday. ceo said that the tv manufacturers are buying their glass like crazy. jim should i sell it? >> no, did not sell now. think about that, 14 and a half y
total nearly $2 billion a year. state law requires that at least 87% of sales go to prizes or to help fund education. last year the california lottery contributed more than $1.1 billion to california schools. >> new this morning just hours ago lindsey lohan was arrested again. new york city police arrested her early this morning. they say she punched a woman in the face at a nightclub. here is new video of her. now she is facing charges of third degree assault. if she is charged with this crime it could trigger yet another probation violation. >>> two military veterans and their wives are filing a lawstrain crash in texas that happened during a veteran's parade. four veterans were killed, more than a dozen were hurt when a train slammed in to their parade float earlier this month. the lawsuit is siting gross negligence by the railroad company and by the driver of the float. >> a new online donation site is established by former high school classmates of two sisters killed in a horrible crash on black friday. the 24-year-old and 20-year-old died when their family's suv crashed into a
bonus. it's not legal according to the law: >> cenk: the only thing extraordinary in these circumstances is how bad they screwed up the company. if management is getting something good here, probably they're doing something for the workers, right? of course none of you were thinking that. here's what's happening to the workers. fired, gone. sadly enough, they will not be receiving bonuses. here's how the executive class has robbed us blind over the last 30 years or so, in fact, a little longer. this is my favorite graph of all time. the yellow line is for productivity. productivity is sky high, rising great job american workers, but the blue line and red line are the salaries you guys are getting. what has happened to that? flatlined. you are not being compensated for your productivity. instead, it's all going to the executives and even if they bank result the company, they get bonuses anyway. that's what's making so many workers across this country so mad, rightfully so. that's why we're seeing strikes at wal-mart and now at fast food restaurants. anna has more. >> the fast food industr
law and could result in a fine. >> in other news and new this morning. san jose police suspect a fatal shooting may be gang- related. it happened at 1130 last night in the 900 block a pacific ave. the body of a 70 year-old boy was found in the 900 block of pacific ave. this is san jose's 43rd homicide of the year and is 60 gang-related homicide. the suspects fled the scene before police arrived. coming up on kron 4 news weekend we will have the latest on the prompt a same- sex marriageia. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get a free wireless receiver with a qualifying u-verse plan. rethink possible. >> we're back as 7:10 a.m.. >> here's a live
just days to remove unsafe cribs under a new law. what you need to know. >>> mostly sunny outside. but it's a bit chilly. don't miss your updated first warning forecast. >>> wjz is always on. for the top stories on wjz.com, for instant updates and first warning weather all the time, click wjz.com. >>> love day outside. cooler, but still nice. >> still way above normal. >> yeah. >> but we got so spoiled with 72-degree temperatures for days. yeah, still mid-50s, upper 50s, some spots. yes, it's going to get chilly. tonight, we'll be down below freezing. tomorrow is going to be a cold day, compared to what we've seen. particularly. take a look at temps now. we're in the mid-50s. 55. the dew points way down to 27. very dry air moved in. overnight, as the front came through, with barely a drop of rain. west/northwest winds, 13. making it feel chillier. barometer, on the way back up. 30.14. right now, the cooler air. look at that, 20 degrees colder out in cumberland and oakland. 38. cumberland, 46. d.c., 48. it will get chilly tonight. the win
flock, thank you very much. medical dollars, how the new healthcare law should change the way you actually plan for your medical future starting right now. ashley: first, take a look at the ten and 30 year treasuries. we will be right back. ♪ >> i am lori rothman with their fox business brief. stocks continued their upward trend today. ceo responds to reports that the daily deal site was looking for a new boss. mason did acknowledge there have been bumps in the road, but he remains the right person for the job. groupon stock is down. one of the biggest regulations coming out of sac conference call, the commission is considering filing charges over insider trade violations. last week they arrested matthew mark, for his involvement. that is your latest look at business from the fox business network. giving you the power to prosper. ♪ music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own th unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from
education. american petroleum institute is calling for complete repeal. law this is shocking issue. this fuel is lauded as great for the environment and a good thing. some manufacture you ares are saying guess what, it will void your warranty if you use this fuel in certain cars . what do you make of this whole thing? >> melissa, what happened this is good example where the government mandates picking winners and losers and forcing decisions on the part of consumers which could be harmful to consumers. comment by aaa coming out to say the decision to allow for e15 blend or 15% of their gasoline to be derived from biofuels, in this case ethanol, the auto manufacturers have said they will not honor their warranties if people use this fuel which is potentially harmful to their engines. the automakers researched this. melissa: it is amazing because they say i void your warranty. >> yeah. melissa: can you imagine you buy the fuel and put it among the manufacturers, chrysler, gm, toyota, especially in older vehicles and look at your manufacturers website if you're in this group, what hap
are safer and less expensive. >> if you're looking at a manned helicopter that could be used for law enforcement community or manned aircraft used for crop dusting you're looking at around a $3 million price tag. whereas for the smaller planes it can be $2,000 or $3,000. >> as large as a fighter jet or only just a couple of feet long. people have actual ly been flyig unmanned vehicles or even model airplanes for years but with certain restrictions. they can't fly them above 400 feet or in certain areas like airports without running into problems with the faa. that brings us to one of the problems the faa is trying to solve. how to ensure safety if the skies suddenly become a lot more crowded. >> arth, who is piloting them, the actual bandwidth, taking a look at those social issues we've all started to look into as far as privacy. >> it's the privacy piece that senator edward markey is concerned about. when can drones be used by law enforcement to gather evidence and what about the information gathered by the drones? >> it possible this is just going to be rampant eyes in the sky gath
in trouble with the law again. what the actress was arrested for this time. >> plus, a zebra chases a pony. the strange sight caught on camera in new york. >> the market opened about 10 minutes ago. let's check the early numbers. so far looking good. coming up, we'll get an update from kcbs moneywatch reporter jason brooks. "madagascar 3" this really a ,,,,,, [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this really is a zebra and y trying to make a break for . the unlikely duo were >>> nope, this is not a rye make of madagascar 3 but the plot is similar. this is really a zebra and pony making a break for it. the unlikely duo was spotted running around staten island. razzie the zebra, casper the pony, by the way they're best buddies, they escaped from a petting zoo owner who left a gate open after feeding them. works for dogs, not for them. they dodged people and cars. they finally captured them. they wanted
lynch purchase and the country wide buy. one gigantic law firm with a bank attached. that's how much their earnings have been dependent upon legal obligations. and that's what cuts them. bank of america led the dow today, broke out above $10. a level hasn't been seen in ages as the unsold homes dwindles, i think it probably goes higher. here's the bottom line, listen to me, go ahead, be gloomy, you have every right. be critical, and be angry at those who can't rise above the rhetoric in washington to avoid a recession. and don't even have the common decency to give us legislation before taking a vacation. you know what these people remind me of? they remind me of the star trek villain who showed the wrath on us by sticking proverbial ear wigs into our ears. but the ceos of the companies themselves, sorry, in true scotty fashion, they're giving her all they've got, and just like spock, they want you to live long and prosper. bob in florida, bob? >> caller: hey, big boo-yah to you, cramer. >> right back at ya. >> caller: first thing i want to do is thank you quick for all you do to dem
's and daily show, the comedian going after charles for his take on public unions and labor law. at 10:50 find out what john stewart said and that charles's response. charles: thank you very much. stuart: we have been harsh in our judgment of california. i referred to as the formerly golden state. it is nothing like the state that i lived in 35 years ago. it is not even close. here is my take on today's lead story in the new york times, quote, california find economic gloom starting to lift. really? here is the case at the times lays out. unemployment is down. home prices are rising and home sales are up. all through. but the main point is the state may be in budgetary surplus by 2014. there's a headline. budget surplus in california. hold on. read more closely. the projected surplus rests on the tax hikes that the state just voted for. the times buys into the opinion that tax hikes will bring in enough money to plug the deficit. this is the central theme of the liberal elite. you can have all the goodies if you just tax the rich. i beg to differ. raising taxes when california is in virtual re
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